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24 Norman Street # 305, Salem MA 01970

Salem, MA 01970
$331,000
1
Beds
1
Baths
615
Sq Ft
$538
Price/Sq Ft
1980
Year Built
1
Parking
44
Days on Market
Closed Listed May 31, 2024 • MLS# 73245275 Copied! • Updated Aug 17, 2024

Sale Statistics

Sale Overview
Original List Price: $314,000
Final Sale Price: $331,000
Difference: +$17,000 (+5.4%)
Performance Metrics
105.4%
List to Sale Ratio
Sold above asking price
44
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $511
Sale $/sq ft: $538
This property sold for $538 per square foot
Sale Summary

This property sold for 5.4% above the original asking price, indicating strong buyer demand.

The property spent 44 days on market before selling.

Nearby Sales Comparison

Based on 18 similar properties sold within 0.5 miles in the last 90 days

This Property
$538/sq ft
Area Average
$278/sq ft
Difference
+93.7%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

About this home

Indulge in the ultimate urban lifestyle with this magnificent corner loft, penthouse condo, located in the heart of the vibrant and historic downtown Salem. This beautiful, modern, open concept unit features a good size living space with a remodeled kitchen with granite countertops and newer appliances, Ship's Ladder to sleeping area, high wood-beamed ceilings, beautiful brick walls, gleaming hardwood floor, oversized windows, central AC and laundry in the building. Professionally managed, located at a short distance to the MBTA train station, great city views, amazing restaurants, great stores, museums, banks and Salem State College. Parking pass for one car at Riley Plaza.

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Recently Sold Nearby

Property History

Market Insights

54.7%
Price Range
36
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Aug 15, 2024
$331,000
Property sold
Days on Market: 36
🏠
Listed for Sale
May 31, 2024
$299,000
Original listing
Agent: Alvarado Group Office: StartPoint Realty & Associates
Previous Transaction - MLS #72156298
Full transaction history available when tracking began
🏷️
Previously Sold
Jun 13, 2017
$150,000
MLS #72156298

Tax History

Year Taxes Assessment
2024 $2,898 $249,400

Financial Details

Annual Property Tax
$2,898
Tax Year 2024
HOA Fee
$240
Monthly
Assessed Value
$249,400

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1980
Living Area 615 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Electric
Cooling Central Air
Flooring Wood, Tile, Carpet
Appliances Range, Refrigerator
Fireplace None
Basement N
Laundry None
Features None

Exterior

Construction Brick, Stone
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Total Spaces 1
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range
Annual Tax $2,898
Assessed Value $249,400

HOA & Community

HOA Fee $240 Monthly
Fee Includes Water, Insurance, Snow Removal, Trash
Amenities Laundry
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type ["Mid-Rise"]
Unit/Building 305
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 36 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1980
Bedrooms
1
Full Bathrooms
1
Living Area
615 sq ft
Total Rooms
3
Stories
2
Entry Level
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom
No

Interior Features

Flooring: Wood, Tile, Carpet
Appliances: Range, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry:
Security:

Construction & Materials

Year Built: 1980
Structure Type: Mid-Rise
Exterior Materials: Brick, Stone
Roof: Rubber
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Electric
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features:
School District
Salem School District local
B-
School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
1.9% below state avg
E

Elementary Schools

9 schools
The Phoenix School
0.7 mi
Grades PK-08
The Greenhouse School
1.6 mi
Grades PK-08
B-
Saltonstall School
0.5 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
B-
Carlton School
0.9 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
C+
Bentley Academy Innovation School
1.1 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.1 mi
106 students Diverse
Diverse Student Body
Grades PK
C-
Horace Mann Laboratory School
1.1 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
B+
Bates School
1.1 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.2 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
M

Middle Schools

1 school
C+
Collins Middle School
0.6 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
0.6 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.2 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
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Location

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Neighborhood

24 Norman Street # 305, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Alvarado Group
Agent MLS ID TM326520
Office MLS ID AN7223
Listing Data Updated Aug 17, 2024 12:30 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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